Monthly Archive for: ‘July, 2014’

How to Get a Ration Card in Bangalore (New Process)

Karnataka Food & Civil Supplies Dept. website

After the previous online application portal for Ration Cards was deactivated by the Govt. of Karnataka, a new SMS-based application system has been put in place for applying for a Ration Card.

Read More

Alternatives to Fixed Deposits – Debt Funds & Fixed Maturity Plans

Fixed Deposit vs Debt Fund

While FDs may offer higher absolute interest rates than debt funds, the interest earned is added to your taxable income for the purpose of taxation. This means that a person in the highest tax bracket will end up paying 30% tax on the interest earned, which brings the effective (post-tax) returns below that offered by debt funds.

Read More